Consumption and Real Estate
I’m about to meet with an out of state realtor? needed info?
Question : I’m about to meet with an out of state realtor? needed info?
I want to go to austin and buy an investment property, what paper work should I show up with so I can be ready to buy?
austin investment property
Best answer:
Answer by Jessica
You should be pre-approved for a loan, and have a letter or form to that effect. Pre-qualified is not pre-approved. Your realtor will have everything else.
If you are buying a residential property as an investment, you will need to bring a check book for your good faith deposit and a couple form of photo ID with your address.. If you are going to finance the property through the banks, your financial statements, tax returns and or some kind of proof of income such as pay stubs. Some kind of proof of legal US residence or citizenship does not hurt either. Also be prepare to wire transfer fund in the event you need to order inspections, surveys and appraisals.
If you are buying commercial property, you will need a good faith deposit. However, you usually will have 30 to 60 days due diligence period and your Realtor or attorney will advise you what you need depending on how you are going to take title.